Insurer News – Page 146
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NewsAviva to sell Polish unit to Allianz for €2.5bn
It is the eighth transaction that Aviva has announced over the past eight months, and concludes the planned refocus of the group’s portfolio
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IT InterviewQ&A: Applying data strategies from motor insurance to home – LexisNexis Risk Solutions
Nick Wilmot, senior manager at LexisNexis Risk Solutions tells Insurance Times about the key challenges in the home insurance market and how strategies used in the motor market can be applied to address them
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NewsLockdown accelerates Aviva’s online trading by 20%
The insurer hopes to continue investing in its direct business, as well as its commercial, broker and bank channels
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NewsPeach Pi reveals its first broker etrade platform
It hopes to better support small community businesses during challenging times, such as the Covid-19 pandemic
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NewsSabre puts drop in GWP down to recurring lockdowns
The insurer believes that it is well positioned as lockdown unwinds
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IT InterviewMarkel UK crowned three-time champion in five-star commercial lines report
Markel UK has received a five-star rating from brokers for three years running in Insurance Times’s Five Star Rating Report: Commercial Lines. The insurer shares the secrets of its success and explains why the pandemic was a key opportunity
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NewsERS reveals $350m capital raise amid plans to branch into specialty reinsurance
The move will see Kevin Kelley join the senior management team at ERS
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NewsRevealed: Two commercial lines insurers awarded five stars each by brokers
The results are in from this year’s Five Star Rating Report: Commercial Lines – which insurers and brokers were ranked as best in their field? Can you guess?
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NewsDirect Line Group recommencing share buyback
The insurer will also be rewarding its staff with shares as a thank you for their resilience
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NewsDirect Line Group gunning to be the ‘insurance company of the future’
In a live video stream this morning with journalists, Direct Line Group’s chief executive Penny James said the insurer hopes to support customers across their entire insurance lifecycle via a fully digital ecosystem
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NewsPaying cyber ransom threats is to ensure customer survival says expert panel
Although a ‘contentious area’, industry leaders said cyber insurers that pay customers’ ransom payments are simply aiming to make ‘sure our customers survive after a particularly unpleasant incident’
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NewsZurich promotes new commercial insurance chief executive
The insurer’s former chief executive of commercial insurance is leaving the business to pursue other opportunities
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NewsAviva’s ‘big ambition’ to be the ‘UK’s leading insurer’
Aviva’s chief executive warns that the insurer has ’a long way to go before we unlock the true potential of Aviva’, but that building upon its 2020 financial results ’is just the start’
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NewsAviva to focus on core market strategic growth despite dip in UK GI operating profit
In its preliminary financial results this morning, Aviva revealed its focus for the year ahead as it continues to transform at pace
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News AnalysisAdmiral Group expects to be ‘less impacted’ by FCA’s fair pricing reform
The company’s chief financial officer further identified price comparison websites (PCWs) as an ‘important distribution channel for us’, while new group chief executive Milena Mondini de Focatiis celebrated the insurer’s premium refund initiative, describing it as ‘a bit unique in the market’
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NewsAdmiral Group improves profit before tax by 20% in 2020
The past year acted as a ‘litmus test’ for the business, said group chief executive, allowing the insurer to demonstrate ‘strong operational resilience and agility’
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NewsHiscox faces 2021 with renewed optimism despite challenging year
In a briefing call with journalists this morning following the publication of the insurer’s year-end financial results, Hiscox’s chief executive revealed the firm will be reinstating its dividend as its ’first priority’
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NewsAllianz could gain a competitive advantage via insurtech partner’s instant claims strategy
GlobalData believes that targeting immediate claims payouts is a ’good strategy’ from Allianz
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NewsLloyd’s syndicate Brit confirms it ‘has never’ underwritten Adani coal project policies
Campaigners are now calling on other Lloyd’s syndicates, such as Arch, Ark, Hamilton, Hiscox, Lancashire and MS Amlin, to do the same
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NewsWhiplash reform regulation to come into force from 31 May
However, some industry commentators believe ‘we’re still only half-way there on whiplash’ and that ‘none of this actually helps anyone to work out how to set up and process a whiplash claim’
